Pacer Advisors Inc. Buys 3,172 Shares of American Electric Power Company Inc (AEP)

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Pacer Advisors Inc. increased its holdings in shares of American Electric Power Company Inc (NYSE:AEP) by 13.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,912 shares of the utilities provider’s stock after buying an additional 3,172 shares during the period. Pacer Advisors Inc.’s holdings in American Electric Power were worth $1,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of AEP. FMR LLC increased its position in shares of American Electric Power by 413.8% during the 2nd quarter. FMR LLC now owns 2,250,095 shares of the utilities provider’s stock worth $155,819,000 after purchasing an additional 1,812,198 shares during the last quarter. Capital Research Global Investors boosted its holdings in American Electric Power by 9.1% during the 3rd quarter. Capital Research Global Investors now owns 18,496,658 shares of the utilities provider’s stock valued at $1,311,043,000 after acquiring an additional 1,548,554 shares during the period. Ceredex Value Advisors LLC purchased a new position in American Electric Power during the 3rd quarter valued at about $66,056,000. Commonwealth Bank of Australia boosted its holdings in American Electric Power by 127.5% during the 3rd quarter. Commonwealth Bank of Australia now owns 1,638,898 shares of the utilities provider’s stock valued at $116,151,000 after acquiring an additional 918,394 shares during the period. Finally, Bridgeway Capital Management Inc. purchased a new position in American Electric Power during the 3rd quarter valued at about $61,120,000. 72.66% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on AEP. ValuEngine upgraded American Electric Power from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of American Electric Power in a research report on Wednesday, September 12th. Barclays boosted their target price on American Electric Power from $81.00 to $84.00 and gave the company a “buy” rating in a report on Monday, November 19th. Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research report on Thursday, January 3rd. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded American Electric Power from a “buy” rating to a “hold” rating in a research report on Thursday, November 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $76.41.

NYSE:AEP traded up $1.35 during trading hours on Thursday, reaching $74.72. 2,283,894 shares of the stock were exchanged, compared to its average volume of 2,985,337. American Electric Power Company Inc has a 52 week low of $62.71 and a 52 week high of $81.05. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 1.10. The company has a market cap of $36.21 billion, a PE ratio of 20.30, a P/E/G ratio of 3.12 and a beta of 0.10.

American Electric Power (NYSE:AEP) last posted its earnings results on Thursday, October 25th. The utilities provider reported $1.26 EPS for the quarter, beating the consensus estimate of $1.21 by $0.05. American Electric Power had a return on equity of 10.78% and a net margin of 12.14%. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the firm earned $1.10 EPS. As a group, sell-side analysts expect that American Electric Power Company Inc will post 3.95 EPS for the current fiscal year.

In other news, insider Paul Chodak III sold 847 shares of American Electric Power stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $76.47, for a total transaction of $64,770.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lisa M. Barton sold 881 shares of American Electric Power stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $77.55, for a total value of $68,321.55. Following the transaction, the insider now owns 581 shares in the company, valued at $45,056.55. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by company insiders.

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American Electric Power Company Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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Institutional Ownership by Quarter for American Electric Power (NYSE:AEP)

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